India's industrial production increased to 3.8% in December 2023, up from 2.4% in November, according to data from the Ministry of Statistics and Programme Implementation. Factory output growth was 5.1% in December 2022, while IIP growth was 6.1% during April-December 2023-24. Power generation and mining output declined by 1.2% YoY and 6.8% YoY respectively. The manufacturing sector saw a 3.9% YoY growth in December 2023, while capital goods and consumer durables saw growth.
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